“How a Medicaid Trust Protects Your Assets”

“How a Medicaid Trust Protects Your Assets,” by Rebecca Lake, Yahoo! Finance

Quote:

“A Medicaid asset protection trust (MAPT) can be useful for estate planning if you believe you or your spouse will need long-term care at some point. Transferring assets to this type of trust can allow you to qualify for Medicaid to pay for long-term care while preserving your savings. If you don’t have a long-term care insurance policy in place, you may consider adding a Medicaid trust to your estate plan. Understanding how this type of trust works can help you decide if it’s right for you. Work with a financial advisor to create a comprehensive estate plan that provides for a special-needs spouse after you die.”

 

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

This ad prominently placed on Yahoo! Finance is exactly what The InLTCgentsia denies exists.